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Korea Medical Institute announced Friday the opening of its newly expanded Gwanghwamun Medical Checkup Center, offering upgraded facilities and improved accessibility in the heart of Seoul. The new center, located in the Gwanghwamun Building (formerly Donghwa Duty-Free Building), spans 4,208 square meters, 300 square meters larger than its previous location. Its central location ensures convenient access by public transportation, making health screenings more accessible for clients, the institut
Korean business leaders attending Donald Trump's presidential inauguration on Monday networked with key political and business figures in the new Trump administration. Their roles, especially with a leadership vacuum in South Korea, received outsized attention, as their cross-sector reach spanning political and business circles could potentially impact future Korea-US relations. Among the attendees, Shinsegae Group Chairman Chung Yong-jin stood out, having forged a connection with the US preside
Culmulative voting system approved for March general meeting amid looming legal fight The current management of Korea Zinc tied the hands of takeover contender MBK-Young Poong, partially limiting the alliance's voting rights through a cross-shareholding structure. With its bid thwarted, MBK-Young Poong warned of legal action against the move. Korea Zinc hosted an extraordinary general shareholders' meeting on Thursday. It was the first shareholders' meeting to take place since late September, wh
Hanwha Life Insurance announced Thursday that it has signed two key agreements at the World Economic Forum in Davos, Switzerland, to boost its global presence and drive innovation in artificial intelligence and financial technology. On Tuesday, Hanwha Life signed a memorandum of understanding with SBVA, formerly SoftBank Ventures Asia, a venture capital firm specializing in AI and ICT investments. The agreement was signed by Hanwha Life CEO Yeo Seung-joo, Chief Global Officer Kim Dong-won and SB
DB Robotics, South Korea’s only robotics company specializing in industrial safety and accident prevention, announced Thursday that it has signed a memorandum of understanding with Korea Southern Power Co. and SK Shieldus to develop and deploy specialized robots to enhance the nation’s power grid stability and workplace safety. The agreement focuses on developing and implementing robots designed to remove foreign materials from cooling water intakes and control high-voltage circuit breakers, the
South Korea launched a national committee dedicated to biotechnology Thursday, in a strategic move to enhance the nation's global competitiveness in the rapidly evolving biotech market. At its inaugural meeting, presided over by acting President Choi Sang-mok in Seoul, the National Bio Committee highlighted its goals of advancing the nation’s biotech sector as a key economic driver and positioning Korea among the top biotech nations. The new state body, comprising 24 industry experts and 12 gove
New US policies prompt aggressive lobbying by biggest players; Hanwha outpaces Hyundai in spending for first time South Korean conglomerates increased their spending on lobbying in the US last year, with Samsung leading the pack with nearly $7 million. The escalating lobbying activities in the world’s largest economy appear to be in response to changes in US policies, such as the CHIPS and Science Act and the Inflation Reduction Act, and in preparation for the new Trump administration. According
Hanwha Group Vice Chairman Kim Dong-kwan explores defense, shipbuilding cooperation with top US officials in Washington DC Hanwha Group Vice Chairman Kim Dong-kwan met with top US officials under the new Trump administration to bolster the Korean conglomerate’s global network as he attended the US president's inauguration ceremony in Washington DC earlier this week. According to Hanwha on Wednesday, Kim participated in a candlelight dinner at the National Building Museum the day before the cerem
Samsung Biologics has made history by becoming the nation's first biotech company to hit 4 trillion won ($2.78 billion) in annual sales. The company reported on Wednesday consolidated annual sales of 4.54 trillion won and an operating profit of 1.32 trillion won for 2024. Sales increased by 23 percent compared to the previous year, while operating profit grew by 19 percent. On a standalone basis, Samsung Biologics recorded nearly 3.5 trillion won in annual sales, driven by strong performances fr
Korea’s logistics giant Hanjin Group achieved record sales of over 3 trillion won ($2.09 billion) last year, driven by its burgeoning global logistics business. The parent company of Korea's flag carrier Korean Air announced Wednesday that its 2024 sales reached 3.14 trillion won, up 7.4 percent on-year. Hanjin Group attributed its record-high sales to an increase in international forwarding volume, along with higher air and maritime cargo rates. Additionally, the company expanded its global net
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LG CNS posts record profit in 2024
LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner
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